BCREA Supports Government’s Reviews of BC Real Estate

Vancouver, BC – September 28, 2018. The British Columbia Real Estate Association (BCREA) welcomes the provincial government’s launch of an inquiry into money laundering in sectors including real estate. As the professional organization representing BC’s 11 regional real estate boards and the province’s 23,000 REALTORS®, BCREA also welcomes the results of Dan Perrin’s review of

Remind Consumers: They Are What They Sign! #506

When dealing with consumers, licensees will encounter those who do not read, write or speak English well, or even at all. While licensees are required to be proficient in English as a part of becoming licensed and meeting the English language proficiency requirement of Rule 2-6.1 of the Council’s Real Estate Rules, consumers naturally have

Updated Service Agreement Forms for REALTORS®

When the new Real Estate Services Act Rules came into effect on June 15, 2018, BCREA released new versions of various standard forms available to REALTORS®, including the following service agreements: Multiple Listing Contract; Exclusive Listing Contract; Buyer’s Agency Acknowledgment; Exclusive Buyer’s Agency Contract; Authority to Lease; Exclusive Authority to Lease; and Tenant’s Agency Exclusive Contract. While

New Disclosure of Referral Payment Form

The new Disclosure of Referral Payment form and corresponding education guide, are now available on WEBForms®. As per Section 3-3(f) of the Real Estate Services ActRules, a licensee is required to disclose to a client “all known material information respecting real estate services” being provided. If a licensee has agreed to pay a referral payment, this is material

August Home Sales Suggest Impact of Stress Test Fading

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,743 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in August, a 26.4 per cent decrease from the same month last

BCREA Launches FINTRAC Action Plan

BCREA has launched a new action plan in collaboration with member boards to support REALTORS® and managing brokers in better understanding and meeting their FINTRAC reporting duties to help keep the proceeds of organized crime out of the housing market. We have also increased our collaboration with CREA and government partners to prepare for more